Portugal casino concessions project more than €1bn in state revenue
Portugal’s new casino concession agreements are projected to generate more than €1 billion for the state over the next two decades, according to contracts published in the Diário da República. The agreements cover Póvoa do Varzim, Espinho and the Algarve; total initial payments across the three zones reached €100.6 million. Solverde will operate the Algarve concession and also secured the Espinho zone.
The agreements define concession payments and revenue-sharing terms across three Portuguese gaming zones.